Tesla discounts set to power quarterly revenue growth, hit profit - Autoblog

strategy to boost sales through price cuts is likely to have powered its strongest revenue growth in five quarters while dragging down margins to a three-year low in the April-June period.

The only reason Tesla delivered slightly more cars in the second quarter than the previous three months was because it discounted heavily at the cost of its margins, said Vitaly Golomb, an investment banker who focuses on mobility.

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